Life Planning Partners Inc Buys New Shares in RXO, Inc. (NYSE:RXO)

Life Planning Partners Inc bought a new position in RXO, Inc. (NYSE:RXO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 157,797 shares of the company's stock, valued at approximately $3,762,000. Life Planning Partners Inc owned about 0.10% of RXO at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its holdings in shares of RXO by 1.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 67,600 shares of the company's stock valued at $1,612,000 after purchasing an additional 1,100 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in RXO by 27.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,375,410 shares of the company's stock worth $56,629,000 after purchasing an additional 508,330 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of RXO by 6.1% during the 4th quarter. State of Alaska Department of Revenue now owns 214,298 shares of the company's stock valued at $5,108,000 after buying an additional 12,284 shares during the period. Tectonic Advisors LLC purchased a new stake in RXO in the fourth quarter valued at approximately $1,066,000. Finally, Yousif Capital Management LLC raised its position in RXO by 1.5% in the fourth quarter. Yousif Capital Management LLC now owns 53,142 shares of the company's stock valued at $1,267,000 after purchasing an additional 811 shares during the period. 92.73% of the stock is owned by institutional investors.

RXO Stock Up 3.1 %

NYSE:RXO traded up $0.65 during trading hours on Monday, reaching $21.59. 1,017,955 shares of the stock were exchanged, compared to its average volume of 1,129,658. The stock has a market cap of $3.47 billion, a PE ratio of -10.18, a PEG ratio of 3.63 and a beta of 1.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.26 and a quick ratio of 1.33. RXO, Inc. has a twelve month low of $18.75 and a twelve month high of $32.82. The firm has a 50 day moving average of $24.64 and a 200 day moving average of $26.98.

RXO (NYSE:RXO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. RXO had a positive return on equity of 1.53% and a negative net margin of 6.26%. On average, equities analysts expect that RXO, Inc. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RXO. Jefferies Financial Group lowered their target price on shares of RXO from $33.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Citigroup cut shares of RXO from a "buy" rating to a "neutral" rating and set a $33.00 price target for the company. in a report on Tuesday, November 12th. Morgan Stanley lowered their target price on shares of RXO from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Wells Fargo & Company lowered their price target on shares of RXO from $31.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Finally, Susquehanna decreased their target price on shares of RXO from $16.00 to $12.00 and set a "negative" rating on the stock in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $26.46.

About RXO

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.